DAXEUR

DAXEUR is maintaining its upward trend with the positive atmosphere in European markets following inflation data from the US. The slowdown in core inflation in the US has increased expectations for Fed rate cuts, positively impacting the markets. At the same time, a generally positive trend is also observed in the Asian session. The DAXEUR index, benefiting from this positive global atmosphere and inflation optimism, has surpassed the 20648 level, showing an appetite for new peaks.

From a technical perspective, DAXEUR continues its optimism above the 50 and 100-period averages, maintaining between the levels of 20276 and 20385. If the index surpasses the 20765 resistance, it could move towards the 20855 and 20940 resistance levels. The RSI indicator visible on the chart is at the 60 level, indicating a positive trend. Even though the index experienced a 0.13% decline compared to yesterday's close, the overall trend remains positive. In this case, sustained movements above the 20765 level may accelerate the move towards 20940, another Fibonacci trend zone. However, a retreat below the 20648 level could result in a pullback towards the averages.